Pratt and Pratt

This matter came before Hogan J concerning the sale of a property known as "C Property" and the disposition of other assets. The dispute involved the Husband and Wife, who were parties to proceedings before the court.

The court was required to determine the terms of an interim order governing the sale of C Property, including its listing, marketing, and the distribution of sale proceeds. Additionally, the court needed to address the Husband's ability to dispose of other specified assets, the Wife's caveat over C Property, and the disclosure of financial information relating to a mortgage variation. The court also directed procedural steps for the final hearing of the matter.

Hogan J made interim orders that C Property remain listed for sale, with specific conditions regarding its marketing and sale price. The Husband was permitted to accept offers above $1,100,000.00, and the proceeds of sale were to be distributed in a defined order, commencing with the discharge of the ANZ mortgage and sale costs, with the balance to be held in trust pending further order. The Husband was restrained from further encumbering C Property and was ordered to maintain it, while the Wife was permitted to obtain appraisals and was required to sign documents to lift the caveat upon settlement, provided certain conditions were met. The Husband was also restrained from disposing of other specified assets without providing notice and accounting for proceeds, with a limited amount permitted to be retained.

The court further directed the parties to confer on asset values, obtain expert valuations if necessary, and file various documents, including amended applications, affidavits, financial statements, and a balance sheet, in preparation for a final hearing scheduled to commence on 3 April 2017.